IPO : Credo Brands Marketing Limited
Credo Brands Marketing Limited IPO
| SYMBOL | MUFTI |
| ISSUE TYPE | Book Built Issue IPO |
| ISSUE OPENS ON | Tuesday, December 19, 2023 |
| ISSUE CLOSES ON | Thursday, December 21, 2023 |
| ISSUE PRICE | ₹266 to ₹280 per share |
| ISSUE SIZE | Up to Rs.549.78 Crores |
| FACE VALUE | Rs.2 per share |
Mufti Menswear IPO is a book built issue of Rs 549.78 crores. The issue is entirely an offer for sale of 1.96 crore shares.
Thank you for reading this post, don't forget to subscribe!Mufti Menswear IPO bidding opened for subscription on December 19, 2023 and will close on December 21, 2023. The allotment for the Mufti Menswear IPO is expected to be finalized on Friday, December 22, 2023. Mufti Menswear IPO will list on BSE, NSE with tentative listing date fixed as Wednesday, December 27, 2023.
| MINIMUM BID | 53 shares |
| MINIMUM AMOUNT | Rs.14,840 |
| MAXIMUM BID | 689 shares |
| MAXIMUM AMOUNT | Rs.192,920 |
| PROMOTER HOLDING | 53.66% (Post-issue) |
| LISTING DATE | Wednesday, December 27, 2023 |
| LISTING AT | BSE, NSE |
Mufti Menswear IPO price band is set at ₹266 to ₹280 per share. The minimum lot size for an application is 53 Shares. The minimum amount of investment required by retail investors is ₹14,840. The minimum lot size investment for sNII is 14 lots (742 shares), amounting to ₹207,760, and for bNII, it is 68 lots (3,604 shares), amounting to ₹1,009,120.
Objects of the Issue (Mufti Menswear IPO Objectives)
The objectives of the Offer are to (i) achieve the benefits of listing the Equity Shares on the Stock Exchanges and (ii) carry out the Offer for Sale of up to 19,634,960 Equity Shares. Further, the Company expects that the proposed listing of its Equity Shares will enhance our visibility and brand image and provide liquidity to the Shareholders and a public market for the Equity Shares in India.
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